Introduction

For most international students, studying in the UK is a dream. However, before you can pack your bags and head across the pond, you need to ensure you have the necessary financial resources. One significant requirement for a UK study visa is having a specific amount of money in your bank account. This article will explore the UK study visa financial requirement for 2017.

Understanding the Financial Requirement

The UK immigration system requires all international students to demonstrate that they can financially support themselves during their stay in the country. Specifically, applicants need to show that they have enough money to pay their tuition fees plus living expenses. Unlike other countries, the UK does not require students to pay tuition fees upfront, but instead, students need to demonstrate they have access to the funds required for their first year of study.

The Financial Requirement for UK Student Visa in 2017

If you are wondering how much money you need to have in your bank account to meet the financial requirement for a UK study visa in 2017, the answer is straightforward. The amount you need to have depends on the length of your course and whether you will be studying in London or outside London.

For courses that are less than nine months, you need to demonstrate that you have ￡1,015 per month for living expenses if studying outside London and ￡1,265 per month if studying in London.

For courses that are nine months or more, you need to demonstrate that you have ￡9,135 plus the amount required for your course's first year of tuition fees. Again, this amount increases to ￡11,385 if you are studying in London.

How to Demonstrate Financial Support

You can prove you meet the financial requirement in several ways. First, you need to show you have the required funds in your bank account at one of two available assessment points. These are either at the time of visa application or throughout the 28 days preceding your visa application. To meet the financial requirement, you must have held the required amount of funds for 28 consecutive days.

You can also rely on a financial sponsor, such as a parent or another family member. In this case, a sponsor letter is necessary to confirm the relationship and financial support they are providing.

Conclusion

Meeting the financial requirement for a UK study visa is crucial to ensure that your studying journey starts smoothly. You must ensure that you have the required funds in your bank account or have a reliable financial sponsor before applying for a UK study visa. Remember, the financial requirement differs based on the length of your course and the location of your institution, so make sure to carefully plan and allocate your finances.